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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULES 13d-1(b) AND (c) AND
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(AMENDMENT NO. 1)(1)
Phoenix International Ltd., Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
719078-10-7
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(CUSIP Number)
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1 The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Schedule 13G
<TABLE>
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CUSIP No. 719078-10-7 Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS Bahram Yusefzadeh
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b)
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen
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NUMBER OF 5 SOLE VOTING POWER 891,446
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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6 SHARED VOTING POWER 232
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7 SOLE DISPOSITIVE POWER 891,446
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8 SHARED DISPOSITIVE POWER 232
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
891,678
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
The amount in Row 9 includes 232 shares held by Mr. Yusefzadeh's daughter, as to which Mr.
Yusefzadeh disclaims beneficial ownership. [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.4%
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12 TYPE OF REPORTING PERSON*
IN
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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1(a). Name of Issuer:
Phoenix International Ltd., Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
500 International Parkway
Heathrow, FL 32746
Item 2(a). Name of Person Filing:
Bahram Yusefzadeh
Item 2(b). Address of Principal Business Office or, if none, Residence:
500 International Parkway
Heathrow, FL 32746
Item 2(c). Citizenship:
U.S.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
719078-10-7
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is a:
N/A
Item 4. Ownership
(a) Amount Beneficially Owned:
Mr. Yusefzadeh beneficially owns 891,678 shares. This amount
includes: (i) 612,184 shares of Common Stock currently held by Mr.
Yusefzadeh in his individual capacity; (ii) options to acquire 44,139
shares that are currently exercisable at an exercise price of $4.74
per share; (iii) options to acquire 2,000 shares that are currently
exercisable at an exercise price of $12.00 per share; (iv) options to
acquire 2,000 shares that are currently exercisable at an exercise
price of $21.13 per share; (v) 232 shares held by Mr. Yusefzadeh's
daughter; (vi) 36,762 shares held by the Bahram and Laury Yusefzadeh
Charitable Remainder Trust, of which Mr. Yusefzadeh is a director;
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and (vii) 194,361 shares held by the Yusefzadeh Family Limited
Partnership, of which Mr. Yusefzadeh is the general partner. Mr.
Yusefzadeh disclaims beneficial ownership with respect to the 232
shares held by his daughter.
(b) Percent of Class
16.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
891,446
(ii) shared power to vote or to direct the vote:
232
(iii) sole power to dispose or to direct the
disposition of:
891,446
(iv) shared power to dispose or to direct the
disposition of:
232
Item 5. Ownership of Five Percent or Less of A Class:
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
Dividends or proceeds from the sale of 232 shares would be
distributed to Mr. Yusefzadeh's daughter; dividends or proceeds from the sale
of the 194,361 shares owned by the Yusefzadeh Family Limited Partnership would
be distributed to the partners of such partnership.
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security being Reported on by the Parent Holding
Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
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Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification.
Not applicable. Not filed pursuant to Rule 13d-1(b).
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
February 7, 1998
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(Date)
/s/ Bahram Yusefzadeh
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(Signature)
Bahram Yusefzadeh
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(Name/Title)
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